Japan corporate profits up 10% on weak yen, AI demand

TOKYO -- Japan's listed companies are performing well, posting a year-on-year combined net profit increase of 10% in April to June on continued AI-related demand and the weak yen, according to data compiled by Nikkei. But corrections in the local currency and sluggish demand in China offer some cause for concern.

Nikkei's analysis was based on financial results from the 1,044 listed companies that had announced their earnings as of Friday -- equivalent to 96% of Tokyo Stock Exchange Prime market companies whose fiscal years end in March, excluding some subsidiaries whose parents are also listed.